Illegal fishing by Chinese boats in South Korean waters is causing over US$1 billion per year in damage to South Korea, a report showed Sunday.
According to the report from the Fisheries Policy Institute, the amount of illegal catch by Chinese boats came to over 675,000 tons in 2012.
The report said the amount represented 21.2 percent of South Korea's total fisheries output in the same year, and also 61.9 percent of the country's total annual catch in its territorial waters, causing 1.35 trillion won ($1.26 billion) in direct losses to the local industry.
"The overall damage will reach an astronomical figure once we add all the indirect costs, such as the cost of police operations to crack down on illegal fishing," it said.
In 2012 alone, a total of 467 Chinese were arrested for illegal fishing in South Korean waters, the Ministry of Oceans and Fisheries said earlier.
But the report said nearly half of up to 3,000 Chinese fishing boats that operate in a joint fishing area in waters between South Korea and China likely engage in illegal fishing by entering South Korea's exclusive waters, especially during fishing seasons. (Yonhap)
According to the report from the Fisheries Policy Institute, the amount of illegal catch by Chinese boats came to over 675,000 tons in 2012.
The report said the amount represented 21.2 percent of South Korea's total fisheries output in the same year, and also 61.9 percent of the country's total annual catch in its territorial waters, causing 1.35 trillion won ($1.26 billion) in direct losses to the local industry.
"The overall damage will reach an astronomical figure once we add all the indirect costs, such as the cost of police operations to crack down on illegal fishing," it said.
In 2012 alone, a total of 467 Chinese were arrested for illegal fishing in South Korean waters, the Ministry of Oceans and Fisheries said earlier.
But the report said nearly half of up to 3,000 Chinese fishing boats that operate in a joint fishing area in waters between South Korea and China likely engage in illegal fishing by entering South Korea's exclusive waters, especially during fishing seasons. (Yonhap)
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